Friday, June 24, 2022

Jagan Mohan Reddy lays foundation of world’s largest integrated RE storage project

Andhra CM Jagan Mohan Reddy lays the foundation of the world’s largest Integrated Renewable Energy Storage Project

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New Delhi: Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy performed the “first concrete pour ceremony” of the world’s largest Integrated Renewable Energy Storage Project (IRESP); being implemented by Greenko Group, at Kurnool District, Andhra Pradesh. The 5,230 MW RE Storage Project will play a pivotal role in India attaining energy security and enabling the global energy transition.

This is a first of its kind single location energy storage project with wind and solar capacities. This project is being implemented with an investment of over US $3.0 billion (About Rs 22.96 crore) comprising pumped storage (10,800 MWh of daily storage), Solar (3000 MW) and Wind (550 MW).

Noting that history is being created with the project Jagan Mohan Reddy said, “What Andhra Pradesh is showcasing (with the project) will be a triggering point for the entire country to follow in the days to come. The usage of fuel of fossil fuel would take a back seat and Renewable Energy front seat.”

He also appreciated the Greenko Group for the initiation of setting up the world’s largest renewable energy storage facility. “The project envisages clean energy round the clock,” said the Chief Minister.

“We offer an exclusive opportunity for people interested in green power and decarbonizing the economies. Our topography is such that we have the capacity of 33,000 Mega Watt available in the state, and this project will show the country how green power can be generated,” Reddy said.

Speaking on the occasion, Greenko Group’s MD & CEO Anil Chalamalasetty said, “It’s a moment of great pride for Greenko that we have pioneered to deliver, ahead of global ambition of a 24/7 dispatchable renewable energy solution, for industrial decarbonization and energy transition.

Given the State’s favourable topography for PSPs; Andhra Pradesh is set to become the energy storage capital of India. This integrated solution is pivotal for the Nation to become energy independent and establishes it as a leader of decarbonized economies.”

With this project, Greenko has pioneered the concept of storage contracts with central utilities and large industries.  The project is scheduled to get commissioned by the last quarter of 2023.

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